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Here's Why Gap (GPS) Gained But Lagged the Market Today
Zacks Investment Research· 2024-04-23 22:51
Gap (GPS) closed at $20.91 in the latest trading session, marking a +0.75% move from the prior day. The stock lagged the S&P 500's daily gain of 1.2%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.59%.The clothing chain's shares have seen a decrease of 25.65% over the last month, not keeping up with the Retail-Wholesale sector's loss of 3.47% and the S&P 500's loss of 4.16%.Market participants will be closely following the financial results of Gap in ...
The Gap, Inc. (GPS) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-04-22 14:05
Gap (GPS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this clothing chain have returned -26.1% over the past month versus the Zacks S&P 500 composite's -4% change. The Zacks Retail - Apparel and Shoes industry, to which Gap belongs, has lost 8.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors abou ...
Gap Stock Almost Flat This Year, What's Next?
Forbes· 2024-04-22 11:00
SHANGHAI, CHINA - APRIL 11, 2024 - Citizens pass a newly opened GAP store at Nanjing Road Pedestrian ... [+] Street in Shanghai, China, April 11, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing via Getty ImagesNote: Gap’s GPS FY’23 ended on February 3, 2024. After almost staying flat year-to-date, at the current price of around $21 per share, we believe Gap Inc. stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products ...
Why the Market Dipped But Gap (GPS) Gained Today
Zacks Investment Research· 2024-04-17 22:51
Gap (GPS) closed at $21.20 in the latest trading session, marking a +1.05% move from the prior day. This move outpaced the S&P 500's daily loss of 0.58%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 1.15%.The clothing chain's shares have seen a decrease of 17.4% over the last month, not keeping up with the Retail-Wholesale sector's loss of 1.51% and the S&P 500's loss of 1.09%.Investors will be eagerly watching for the performance of Gap in its upcomi ...
Gap (GPS) Stock Surges 78% in Past Six Months: Here's Why
Zacks Investment Research· 2024-04-16 12:46
The Gap, Inc. (GPS) stock is well-poised to tap the positive trends in the fashion arena, thanks to its robust strategic initiatives, including the Power Plan 2023 Strategy. The company has been gaining from brand strength and solid demand for its products that resonate well with customers. Buoyed by such strengths, shares of this clothing and accessories retailer have soared 78% compared with the industry's 23.6% growth in the past six months. A VGM Score of A further adds strength to this current Zacks Ra ...
Investors Heavily Search The Gap, Inc. (GPS): Here is What You Need to Know
Zacks Investment Research· 2024-04-11 14:06
Gap (GPS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this clothing chain have returned +0.9% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Retail - Apparel and Shoes industry, to which Gap belongs, has lost 2.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rum ...
Department stores face another squeeze. This time, in store credit card revenue
CNBC· 2024-04-10 14:00
In this articleJWNGPSTGTMKSSA customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesDepartment stores like Macy's and Kohl's have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those cards will become less lucrative. Late fees for customers will be capped at $8, down from an industry average of around $32, under a new rule from the Consumer Financial Protection Bureau. Th ...
3 Momentum Anomaly Picks as Sticky Inflation Troubles Markets
Zacks Investment Research· 2024-04-04 12:41
The broader U.S. equity markets mostly trended down over the past few trading days on concerns regarding inflation and its consequence on the Federal Reserve’s pledge for a slew of rate cuts this year. Core Personal Consumption Expenditures (PCE) price index for February was up 0.3% month over month, in line with broad-based expectations. On a year-over-year basis, Core PCE increased 2.8%, which was way above the Fed’s 2% inflation target.This propelled the benchmark 10-year Treasury yields to their highest ...
Are Retail-Wholesale Stocks Lagging The Gap (GPS) This Year?
Zacks Investment Research· 2024-04-03 14:46
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Gap (GPS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Gap is one of 215 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stock ...
Here's Why Gap (GPS) Stock Seems a Promising Bet Right Now
Zacks Investment Research· 2024-04-01 13:41
The Gap, Inc. (GPS) stock is well-poised to tap the positive trends in the fashion arena, thanks to its robust strategic initiatives, including the Power Plan 2023 Strategy. Management is committed to creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses. The company has been gaining from brand strength and solid demand for its products that resonate well with customers. Buoyed by such stren ...